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May 18, 2012
05/12
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that as great as it is you're going to get all this information, if the ceo of sprint is right, the government will not like the level of violation of privacy. obviously there's a lot of companies that bridge space badly. let's keep these in mind as we go crazy with we buy it with no limit at the opening. i told a broker, okay, any price you want. >> wow. carl, this is gary. i think you're trying to get to me? >> as someone who knows the street, i have to ask you, what do you think is going through his mind at this moment? >> i think he's a little bit concerned they have put out a time call and they are not ad hearing to the time. i think and i'm just reading emails here real-time they are going say this is a good process that it's been delayed because they are trying to match -- there's a lot of selling that's come in at the last few minutes and trying to make certain they open this at the right price. >> because we sold at 52. >> that's right. once you get closer to the actual print, a number of people that may have been sitting on their hands in terms of okay let me see where this thing is
that as great as it is you're going to get all this information, if the ceo of sprint is right, the government will not like the level of violation of privacy. obviously there's a lot of companies that bridge space badly. let's keep these in mind as we go crazy with we buy it with no limit at the opening. i told a broker, okay, any price you want. >> wow. carl, this is gary. i think you're trying to get to me? >> as someone who knows the street, i have to ask you, what do you think...
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Apr 9, 2012
04/12
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transformation from natural gas and shale, all of that was done without any subsidies from the federal government or anything and i believe that's the same change can occur with just a degree of private industry and it will be able to come on with most of those investments because it will be a remarkable job creator, one of the few industries that did well was the construction of pipeline industry. this would put,000s of people to work what we seem to be doing is putting people to work, bidding out the insfra structure. >> yeah, i -- you know, i believe that you'll hear a bit more about that from the republicans once they firm up a nominee. i think on the democratic side there's an anti fuel agenda that is still in there. if i were looking anywhere in there, i would say look on the republican side. >> i do not believe that he is the man if romney wants to understand this business. he's got to go to someone who is just has done a fantastic job. melissa? >> mark, thanks a lot for your time. it's interesting to note, quickly, billions of dollars have been loaned to subsidize the green energy. >> som
transformation from natural gas and shale, all of that was done without any subsidies from the federal government or anything and i believe that's the same change can occur with just a degree of private industry and it will be able to come on with most of those investments because it will be a remarkable job creator, one of the few industries that did well was the construction of pipeline industry. this would put,000s of people to work what we seem to be doing is putting people to work, bidding...
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Apr 20, 2012
04/12
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natural gas flaring is something that you get in trouble with the government. it's these contracts. carl, if you were to have sold your rights in pennsylvania so a gas company, they are not allowed to drill. they should be shutting in but they can't. >> let's switch gears quickly. profits topped the street driven by strong demand for server, pc sales, also holding up better than expected. we're focused on the expected release of windows 8, working on a tablet friendly -- >> the enterprise is still microsoft and the enterprise for microsoft this quarter was off the charts. the pc was better than expected. good quarter. >> worries about making this quarter if you had to choose between apple and microsoft right now? >> they both sell at 11 to 10 times earnings. >> this isn't a real anomaly. if apple were to stock by 10, why should i buy a $30 stock? i'll buy the $60 stock. it's this darn price tag. yesterday when we were watching the monster coming out, hey, don't believe what you hear, it's entirely verizon wishes it could sell other phones and one of the things and i love the commerc
natural gas flaring is something that you get in trouble with the government. it's these contracts. carl, if you were to have sold your rights in pennsylvania so a gas company, they are not allowed to drill. they should be shutting in but they can't. >> let's switch gears quickly. profits topped the street driven by strong demand for server, pc sales, also holding up better than expected. we're focused on the expected release of windows 8, working on a tablet friendly -- >> the...
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Aug 10, 2012
08/12
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the government role is to make sure businesses or entrepreneurs, they can go further, and without any explanation. i don't believe in economy or business the government controls you, just help you, if there is anything. right now we are struggling and we need the federal government, the state to come together to make sure we have enough milk -- >> enough milk? >> absolutely. >> you're facing a milk shortage? why? >> chobani really pulled a lot of milk. it's the first time a product is cool. and we have 4 million pounds of milk every day. and right now in new york state and that's why we're going to idaho >> where you're going to have another huge production plant the biggest in the country when it comes to yogurt. how many people you going to play there? >> we're starting 400. that's phase one. this plant is about 1 million square feet. we built it in the one year. and you know, we look forward to it. >> you mentioned the milk shortage. i assume that means much higher milk prices. what is that doing to input costs, commodity costs, et cetera in your margins? >> you know the sad part i
the government role is to make sure businesses or entrepreneurs, they can go further, and without any explanation. i don't believe in economy or business the government controls you, just help you, if there is anything. right now we are struggling and we need the federal government, the state to come together to make sure we have enough milk -- >> enough milk? >> absolutely. >> you're facing a milk shortage? why? >> chobani really pulled a lot of milk. it's the first...
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Sep 11, 2012
09/12
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government. the issue will be how they're doing .58 times tangible book in a tangible book realized when they sell assets. carl, i think this will be a major piece of business people are going to talk about for the next few days. because if that deal holds, that's going to signify a new level of confidence even with the german supreme court, even with qe-3 on the horizon. >> all right. >> major, major, major. >> you've been touting bristol myers for a long time, goldman puts it on the conviction buy list. >> they said they spent enough time in purgatory after the disastrous hep-c. i like it it's got good yield, undervalued, lily is the most expensive stock in the group. it's not all rosy for bristol-myers. >> yeah, i love the way you say that. >> well, it's the old trading desk, people would call it that. all right, i'll top that. >> five below. >> all right, five below, by the way, is not a chain of recreational equipment, this is a store that sells goods for five and below. i thought the quarte
government. the issue will be how they're doing .58 times tangible book in a tangible book realized when they sell assets. carl, i think this will be a major piece of business people are going to talk about for the next few days. because if that deal holds, that's going to signify a new level of confidence even with the german supreme court, even with qe-3 on the horizon. >> all right. >> major, major, major. >> you've been touting bristol myers for a long time, goldman puts...
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Oct 31, 2012
10/12
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federal government can print money, all right. we've seen that. the areas that had to be rebuilt, housing people haven't done that well. construction people. there will be a lot of jobs. the construction business and a lot of suburbs has been nil because everything has been locked. new jersey hasn't done that well. there will be a lot of jobs created. i think that's going to make up for retail business that was lost. >> we have to head to a break. coming up next, cramer's mad dash. first one since friday as we approach this historic open. today is wednesday but the first day of the week effectively after the sandy related shutdown. we'll take another look at futures as we head toward this open. up 7.5 on s&p 500. stay tuned. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our stu
federal government can print money, all right. we've seen that. the areas that had to be rebuilt, housing people haven't done that well. construction people. there will be a lot of jobs. the construction business and a lot of suburbs has been nil because everything has been locked. new jersey hasn't done that well. there will be a lot of jobs created. i think that's going to make up for retail business that was lost. >> we have to head to a break. coming up next, cramer's mad dash. first...
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Sep 13, 2012
09/12
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we don't know what the spending policies of the government are. are they going to sequester? that's in the minds ofs bypeople all across the country. so i think the fed is doing everything they can with the toolbox they've got given the other part of the government, the congress, in particular, is not doing their job. >> all the same. if you've got draghi doing his thing in europe and if there are come promees speculate on the hill why not let this one go and maybe revisit it later in the year? >> i think you saw the job numbers today. you obviously saw it before they came out. he talked about it, as you say, a few weeks ago. think to do it at the next meeting, so right on top of the election. you know, we all know that fed actions do have a delayed effect. the longer they wait, then they even gotten the tale until it actually impacts. i think with unemployment where the chairman's made it clear that he wanted to do something. now, can he deliver everybody? i assume so, but we'll see this afternoon. >> somebody said what's going to be the most fun this afternoon, if, in fact,
we don't know what the spending policies of the government are. are they going to sequester? that's in the minds ofs bypeople all across the country. so i think the fed is doing everything they can with the toolbox they've got given the other part of the government, the congress, in particular, is not doing their job. >> all the same. if you've got draghi doing his thing in europe and if there are come promees speculate on the hill why not let this one go and maybe revisit it later in the...
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Nov 2, 2012
11/12
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the government one of the few sector that was down. it's certainly better than the alternative, isn't it? >> it's better to have it up, about you we had 211,000 people join the noninstitutional population, which is the number of people that could go into the labor force, and we created 171,000 jobs. so it's not enough, number one. number two, you have still got a labor participation rate that is as low as its been in 30 years. it's at 68.3%. a lot of people are still dropping out of the labor force. they're going into other programs. we've had about 1.2 million jobs created under this president. we've had 1.3 million people go into social security disability. we've had 32 million more people join the food stamps program. we're up around 47 million people now. so the number -- you certainly have talking points if you're on the other side if you're supportive of president obama. there's things you can say out of this, but you can't deny it's up. you can't deny there's -- 9 million people entered the population, the noninstitutional popul
the government one of the few sector that was down. it's certainly better than the alternative, isn't it? >> it's better to have it up, about you we had 211,000 people join the noninstitutional population, which is the number of people that could go into the labor force, and we created 171,000 jobs. so it's not enough, number one. number two, you have still got a labor participation rate that is as low as its been in 30 years. it's at 68.3%. a lot of people are still dropping out of the...
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Oct 25, 2012
10/12
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the first is that they cost the government, uk government $14.3 billion to put on. the second, this is great, is that it actually ultimately appears to have lifted the uk out of recession. growth in the third quarter, we learned, was 1%. now, if the europeans reported their figures like the americans do, we would say that's 4%. it's an annualized rate of 4%. which is astounding growth. you're halfway to chinese growth there. the uk coming out of recession. actually, that quarter may mean they don't dip for 2012 overall. good news. >> the bigger story regarding europe is the way some big north american -- u.s. companies are trimming their exposure there. closing plants. >> particularly in automotive. but that's -- there was far too much capacity for all those automotive makers from the french to the germans to the u.s. u.s. has had a problem with gm and ford for some time. now biting the bullet. the europeans are doing the same. >> yeah. >> look at porsche asked to be propped up by the french government. >> santelli referenced it today. >>> another capital markets op
the first is that they cost the government, uk government $14.3 billion to put on. the second, this is great, is that it actually ultimately appears to have lifted the uk out of recession. growth in the third quarter, we learned, was 1%. now, if the europeans reported their figures like the americans do, we would say that's 4%. it's an annualized rate of 4%. which is astounding growth. you're halfway to chinese growth there. the uk coming out of recession. actually, that quarter may mean they...
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Apr 2, 2012
04/12
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of making a mockery of sound corporate governance principle. one fight that's not going away any time soon. it's monday. if you didn't win the lottery, don't worry. jane wells has been hitting the streets talking to people not lucky enough to win the megamillions jackpot. hey, jane. >> here's my broken heart. $5 spent to win 656 million worth. nothing. so like tens of millions of others of people, hundreds of millions, it's just another monday morning. >> we had 22 people in there times $5. that's $110 and we didn't win five cents. >> here at the lenda alegendary boy, they were crying. locals told us how they would have spent their winnings. >> that money goes to everyone that i know. help are other people. >> sell the house, buy an rv and travel. >> i might buy a bigger house. >> buy gas for my car. maybe for the whole neighborhood. >> i would put it in the bank and go away for a month. the mail man wants to come over. i'll start my own mail route. >> i like my own mail route. that's tony who suggested that winners get out of town and take the
of making a mockery of sound corporate governance principle. one fight that's not going away any time soon. it's monday. if you didn't win the lottery, don't worry. jane wells has been hitting the streets talking to people not lucky enough to win the megamillions jackpot. hey, jane. >> here's my broken heart. $5 spent to win 656 million worth. nothing. so like tens of millions of others of people, hundreds of millions, it's just another monday morning. >> we had 22 people in there...
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Nov 7, 2012
11/12
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the real message of 2011 is don't panic because when government is forced to make a decision, government makes a decision. i think the worst thing you can do is jump out in the middle of a sell-off and then have the president and speaker boehner come out on the white house lawn and say we have a deal. you watch markets shoot up and you have missed the rally here. there is clearly a negative because of potential for higher taxes. there could be a positive with longer term direction on taxation which frees up a lot of money that's frozen right now. it's not clear how this playing out. as a long-term investor stocks look cheap particularly look cheap relative to cash and fixed income. i wouldn't want to send money the other way. >> one of the things that you might want to work out is whether this is a buying opportunity. what is the picture -- let's say we get through the fiscal pict the line? will markets want to rise because economies are getting better or markets that will be in difficulty a year down the line because economies are getting worse? the biggest economy in europe, germany, i
the real message of 2011 is don't panic because when government is forced to make a decision, government makes a decision. i think the worst thing you can do is jump out in the middle of a sell-off and then have the president and speaker boehner come out on the white house lawn and say we have a deal. you watch markets shoot up and you have missed the rally here. there is clearly a negative because of potential for higher taxes. there could be a positive with longer term direction on taxation...
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Apr 17, 2012
04/12
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government. we'll get your responses later today. >> more than curly fries. >> i'm not getting much of anything. i filed an extension. >> i did, too. coming up, getting ahead of the curve on intel's earnings after the bell. the stock is at a 52-week high. will the rally keep going? and we have an up day with the dow looking to gain 71 points at the open. stay tuned. ca refu l, pringles are bursting with more flavor. [ crunches ] mmm. ♪ [ male announcer ] pringles... bursting with more flavor. [ crunch! ] introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. ♪ >>> nine minutes before the bell rings on wall street. let's bring in art. we are looking at a higher open. granted we have positive news out of the financial sector. we did have housing starts that came in worse than expected. revised lower for february a
government. we'll get your responses later today. >> more than curly fries. >> i'm not getting much of anything. i filed an extension. >> i did, too. coming up, getting ahead of the curve on intel's earnings after the bell. the stock is at a 52-week high. will the rally keep going? and we have an up day with the dow looking to gain 71 points at the open. stay tuned. ca refu l, pringles are bursting with more flavor. [ crunches ] mmm. ♪ [ male announcer ] pringles... bursting...
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May 9, 2012
05/12
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but the same isn't true for the federal government or the governments of europe. let's look at the flight to safety trade that pusheded th t treasury rates down. let's call it a more appropriate name. let's call it hedging. hedging against bad outcomes. hey, we know what happened with gold this week or last week? it was a great hedge against a disastrous future by many of this randers out there. yet, when it comes to the point where they're either done hedging or they need to pull out some capital, they pull it out of some of those types of trades. think about the ramifications of what little notice these countries may have. another issues, stimulus or debt. you know what, it's all on a credit card. stimulus is a very nasty word right now. nobody wants to use it after t.a.r.p. and the stimulus we went through in '08 and '09. in the end, every auction we have, whether it's bills or light ten years today, the government locks in more balance on their debit card. stimulus or debit, it's about the same. wake up call. carl, back to you. >> you got it. put it on my tab,
but the same isn't true for the federal government or the governments of europe. let's look at the flight to safety trade that pusheded th t treasury rates down. let's call it a more appropriate name. let's call it hedging. hedging against bad outcomes. hey, we know what happened with gold this week or last week? it was a great hedge against a disastrous future by many of this randers out there. yet, when it comes to the point where they're either done hedging or they need to pull out some...
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Apr 12, 2012
04/12
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loopholes are in there by design when tax rates are around 70%, government took about the same amount in as when they were under 30. >> studies showed 17.5% of gdp goes to taxes. >> this is engineered to have loopholes to take care of certain people even though on the outset it's a certain marginal rate that's advertised. it's too complicated. do you agree? >> i agree. simplification is the key. start from scratch. >> back to you. >> thank you very much, rick santelli in chicago. as we mentioned, world financial center number two being evacuated in lower manhattan. bertha coombs is there with more information. what do we know? >> reporter: we're outside right now on the southern end of the world financial center and it is tower two. some sources are telling us that apparently through regular screening this morning the screeners encountered a package that they had a concern about and police have been called in. tower two of the world financial center has been evacuated. right now remains cordoned off. police are here on the scene at the moment in front of the tower. we have a number of
loopholes are in there by design when tax rates are around 70%, government took about the same amount in as when they were under 30. >> studies showed 17.5% of gdp goes to taxes. >> this is engineered to have loopholes to take care of certain people even though on the outset it's a certain marginal rate that's advertised. it's too complicated. do you agree? >> i agree. simplification is the key. start from scratch. >> back to you. >> thank you very much, rick...
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Aug 16, 2012
08/12
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there's a question whether the government will bless it. the government wants telecom and unicom to offer the iphone. in the case of china mobile which is the big one, it may be that the government wants them to support local vendors over apple. so our guess is that this may not happen until later in '13 where the consensus view is it happens sooner. >> on a more basic level isn't at it fact that the main selling point of the iphone 4s is siri and siri doesn't sneak mandarin and cantonnese and that changes with the iphone 5. it will speak to customers in china and they can talk back to it and it will understand them. doesn't that blour expectations of what's cool and what's not cool out of the water? >> well, simon, i think there's truth to that in the new operating system. there will be better mandarin support. that's important. my colleagues do notice that's one of the reasons that perhaps the 4s hasn't been as popular in recent quarters as it was prior to that. but i would generally argue apple continues to have that software advantage.
there's a question whether the government will bless it. the government wants telecom and unicom to offer the iphone. in the case of china mobile which is the big one, it may be that the government wants them to support local vendors over apple. so our guess is that this may not happen until later in '13 where the consensus view is it happens sooner. >> on a more basic level isn't at it fact that the main selling point of the iphone 4s is siri and siri doesn't sneak mandarin and...
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Nov 21, 2012
11/12
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the budget for the european government. it's only a trillion dollars over seven years, but there's still a lot of arguments about it. at least that's how the rest of europe would see it. >> anyone who reads into the greece meeting is going to ask whether this is a technical disagreement or a broad disagreement that may not be resolved on monday. >> narrative is greece is going to get the money. the imf says we can't lend to a country unless we know that by 2020, it's going to be about 20%. there's about a 25 billion euro gap. you can change your assumptions about greece's growth rate. you can see to greece instead of 30 year, we'll give you 100. therest a lot of ways to get it done. >> if they don't get the money, the world doesn't fall apart, you know, and greece is still bad. not much changes. >> see you in a little bit. thanks, michelle. time for another capital markets op-ed. gary is at post nine with that. >> thanks, carl. viewers should hopefully know that i feel the pain for savers. the artificial move in interest ra
the budget for the european government. it's only a trillion dollars over seven years, but there's still a lot of arguments about it. at least that's how the rest of europe would see it. >> anyone who reads into the greece meeting is going to ask whether this is a technical disagreement or a broad disagreement that may not be resolved on monday. >> narrative is greece is going to get the money. the imf says we can't lend to a country unless we know that by 2020, it's going to be...
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Mar 29, 2012
03/12
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the striking, though, against tough labor reforms is what we're getting in the government here. it gives them authority to cut wages and fire people if they need to. in a press conference, the union said there needed to be some negotiation on this. the budget minister came out and said, there will be no negotiation. and that's really what we're hearing here on the ground. everything points to the fact that the spanish government are paid to be watching spanish yields, they've seen the widening we've had over the last month, they're determined to regain the credibility of the market. so despite what the prime minister said this week, it looks like the government is going to be very, very austere. the question is, will it be enough to calm the markets, and the economy expand the reforms that are needed? back to you. >> thanks, julia. meantime, our corporate editor gary kominski are telling us how our stocks are compared to bonds. >> i certainly do know stocks against bonds, and if we can take a look at this chart, i think we've got it up here, this is last year, high yield versus
the striking, though, against tough labor reforms is what we're getting in the government here. it gives them authority to cut wages and fire people if they need to. in a press conference, the union said there needed to be some negotiation on this. the budget minister came out and said, there will be no negotiation. and that's really what we're hearing here on the ground. everything points to the fact that the spanish government are paid to be watching spanish yields, they've seen the widening...
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Oct 26, 2012
10/12
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trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the number more or less subject to revision than past quarters? >> you know, it's hard to say. i don't think there's any particular trend there. the inventory numbers will be rejiggered, probably the investor numbers. everything can come in. trade is a big factor, inventory's a big factor. hard to know, carl. right now it just -- it doesn't change your mind, right? had the number been 2.5 or 3%, i would have said, hey, time to rethink the economy. 2%, 1.8%, six of one, half a dozen of another. >> we'll get a lot of numbers t. >> we'll get to the
trade detracting and government up 0.71%. a big part of that gain, federal defense spending up 17% for the biggi isgest gain since 2009. it follows straight quarters of decline. looks like the drought took away half a point of growth and inflation was higher than expected. still sluggish growth that faces a big challenge in coming months. i would say this is the economy the fed forecast when it decided to do qe infinite. >> i wonder, too, steve, given the make-up of the components. is the...
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Nov 12, 2012
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. >> what i see in j&j they are hung up on government. i disagree with the downgrade. you have a guy in charge at johnson & johnson. this is not the same j&j. this is not the problem where they had a pharmacy factory that kept going bad. don't sell j&j. they have a great ceo. >> we'll talk more downgrades later today. one on cat. >> i disagree. broken clock maybe. >> when we come back, we'll get ready for opening bell. new york stock exchange honoring americans veterans today. "squawk on the street" is back in a moment. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more s
. >> what i see in j&j they are hung up on government. i disagree with the downgrade. you have a guy in charge at johnson & johnson. this is not the same j&j. this is not the problem where they had a pharmacy factory that kept going bad. don't sell j&j. they have a great ceo. >> we'll talk more downgrades later today. one on cat. >> i disagree. broken clock maybe. >> when we come back, we'll get ready for opening bell. new york stock exchange honoring...
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Sep 27, 2012
09/12
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to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you get the protests from the people on the street. i'm actually standing on the exact point just outside where parliament is barricaded. you can see behind me just right at that point where over the last two nights, we've seen police charges, plastic bullets being fired as well, protesters getting violent because they're getting very frustrated about the really tough economic conditions which they don't see anything getting better. but i do want to leave this here on a very positive note. and there is one positive thing going on. and that is exports, and that is c
to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you...
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Nov 14, 2012
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can you imagine how much the federal government has cut back in spending and how profitable government spending is but they triumphed over. >> europe comments more temper. how much does that matter? >> you'll see in q-1 of next year europe becoming executives will say we are managing europe down. we're not going to make europe a key part of -- when they did the euro single currency and lots of companies rushed, particularly technology companies rushed to europe. you'll see in q-1 companies saying, look, we have maintained our european. don't worry about european. if they don't say it, i think we'll sell the stocks. >> worse before it gets better was on the conference call. >> industrial production misses this ridiculous fight between the eu and imf. bank of england cutting growth outlook for the u.k. >> gdp tomorrow. it will be terrible. alco alcoa being struck because they try to close a plant. the conversation will be at the beginning of the conference call and europe -- we're managing europe down to x. european we're going to close europe. ford motor gave you an example of what will
can you imagine how much the federal government has cut back in spending and how profitable government spending is but they triumphed over. >> europe comments more temper. how much does that matter? >> you'll see in q-1 of next year europe becoming executives will say we are managing europe down. we're not going to make europe a key part of -- when they did the euro single currency and lots of companies rushed, particularly technology companies rushed to europe. you'll see in q-1...
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Nov 28, 2012
11/12
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the government isn't good at this. >> the government isn't good at it. but we know the way we were doing it was bad, right? >> absolutely agreed. >> they're focusing there on costs. that's why costs continue to go up, but they to said the price rather than set the price a let the individuals run around the price. >> justice stephens made this issue go away in many people's minds, but what you're talking about reminds me of an article. there would be a huge amounts of modifications that will occur, are they not? i want there's so many blanks out there. the core thing they need to come to is talk about the markets like we have here. individuals interact, independently to derive a price. >> sounds like the ben bernanke interest rate model. carl, back to you. >>> tangs a lot. >>> there's a few more moments leave in the european trading day, and then don't forget. the president will speak on the fiscal cliff in about nine minutes if he's on tine. we'll be right back. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it
the government isn't good at this. >> the government isn't good at it. but we know the way we were doing it was bad, right? >> absolutely agreed. >> they're focusing there on costs. that's why costs continue to go up, but they to said the price rather than set the price a let the individuals run around the price. >> justice stephens made this issue go away in many people's minds, but what you're talking about reminds me of an article. there would be a huge amounts of...
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Dec 18, 2012
12/12
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taxes enough to pay for the increase in what government is doing right now. >> in the infrastructure spending, it wasn't in the numbers. which we just learned. and these other little provisions that senator conrad was talking about, such as amt and doc fix, are not in the numbers. so i really don't think we have a document here that we can add up from the president. and so i think it's a little bit late to get to the deal. >> okay. >> good news to bad news, all at one time. >> merry christmas, everybody. >> caruso-cabrera wanted to marry the guy that wanted to go over. >> larry, thank you very much for being with us. >> thank you for having me. >> that does it for us today. join us tomorrow. right now it's time for "squawk on the street." >> good tuesday morning. i'm carl with melissa lee, david faber, live from the new york stock exchange. jim cramer is on assignment today. well, are we getting close to a fiscal cliff deal or not. futures are up and the dow gained 100 yesterday. but there is room for skepticism. europe's grappling with the same question helped by some decent uk infl
taxes enough to pay for the increase in what government is doing right now. >> in the infrastructure spending, it wasn't in the numbers. which we just learned. and these other little provisions that senator conrad was talking about, such as amt and doc fix, are not in the numbers. so i really don't think we have a document here that we can add up from the president. and so i think it's a little bit late to get to the deal. >> okay. >> good news to bad news, all at one time....
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Nov 30, 2012
11/12
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it was a lot of government spending and a lot of other things. second, i think the market is looking forward at a weak fourth quarter number. >> where is bianco research with regard to estimates for fourth quarter growth? >> we were two before sandy and now well under two with sandy and if we get no fiscal cliff deal or kind of a milk toast deal i think we'll stay at those sub par numbers in the 2013. >> even without sandy you didn't think it would be much above 2%. >> right. i'm in the camp the economy is still struggling along. not a recession but not doing very good. >> let's switch gears. there have been many articles out. you always point them out to me. the world's been bearish from treasuries and the world of economists and analysts for years now and they've been wrong. what do you think at this point? >> same thing. bloomberg does a survey of about 80 or 90 economists a month. >> i don't know who they are. >> i've heard of that. 95% of them in the last survey said rates would be high inner six months. you know what? that's been what they'
it was a lot of government spending and a lot of other things. second, i think the market is looking forward at a weak fourth quarter number. >> where is bianco research with regard to estimates for fourth quarter growth? >> we were two before sandy and now well under two with sandy and if we get no fiscal cliff deal or kind of a milk toast deal i think we'll stay at those sub par numbers in the 2013. >> even without sandy you didn't think it would be much above 2%. >>...
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Nov 8, 2012
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. >> and they can put in a new government and does matter. >> some of the targets. they went to double per capita income within the next eight years. talk about aiming high. >> i thought that was amazing. it's a command economy. maybe they can pull it off. if they do it, they can take the whole world with them up, up. >> the governor hinting perhaps the data to be released tonight, tomorrow in china, will be better than expected. hinting at continuing slow growth. slow but it is growth and that's the important thing coming to china. we're getting notes and recognize there's certain china stocks. truck engines. we are seeing that last month was good. now, that's very contrary to what a lot of other retail and people saying retail commentary, distorted by the weather. but this china trade is gaining momentum, not losing momentum. at the same time that i feel that united states is losing momentum. >> interesting comments out of the boe. we knew that central banks doing nothing and governors now saying, qe which they have been pouring on for a long time, going to flatte
. >> and they can put in a new government and does matter. >> some of the targets. they went to double per capita income within the next eight years. talk about aiming high. >> i thought that was amazing. it's a command economy. maybe they can pull it off. if they do it, they can take the whole world with them up, up. >> the governor hinting perhaps the data to be released tonight, tomorrow in china, will be better than expected. hinting at continuing slow growth. slow...
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Nov 16, 2012
11/12
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of course, comes a day after the big settlement between the government and bp. we'll get more on this, of course, as details become available. meantime, former chief of staff for bill clinton bowles on closing bell yesterday talking about the long-term consequences of the fiscal cliff. >> if we do get our house in order, the future of america is bright and can compete with the best and brightest wherever they are. if we don't, we're on our way to becoming a second-rate power. >> joined by illinois congressman peter ross couple. he sits on the ways and means committee and joins us with john harwood and myself at the white house. congressman, good morning. >> hey, good morning, great to be with you. >> we already have the president wishing the speaker a happy birthday. i guess baby steps. right? how do you think the tone is shaping up today? >> i think the tone is good. look. president obama won on tuesday last. the speaker of the house congratulated him and lid out a pathway for the president to lead the nation on how to avoid the fiscal cliff and transform us in
of course, comes a day after the big settlement between the government and bp. we'll get more on this, of course, as details become available. meantime, former chief of staff for bill clinton bowles on closing bell yesterday talking about the long-term consequences of the fiscal cliff. >> if we do get our house in order, the future of america is bright and can compete with the best and brightest wherever they are. if we don't, we're on our way to becoming a second-rate power. >>...
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Aug 15, 2012
08/12
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when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ . >>> welcome back to "squawk on the street." we have breaking news from the national home builders association. the index for august rose two points that beat estimates of a small drop preponderate the national association sentiment now stands at 3750 and is the line between negative and positive. of the index components, buyer traffic rose three points. sales expectations rose one point, but a at their highest levels in five years. confidence rose the most in the midwest. it was down nine points in the mideast. and weekly mortgage applicationings fell. >>> thank you, let's get the road map for the next tower. target beating expectations and abercrombie beating expectations. we'll tell you how to play the sector. >> samsung is geared up for an unveil today, but it
when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ . >>> welcome back to "squawk on the street." we have breaking news from the national home builders association. the index for august rose two points...
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May 8, 2012
05/12
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still, he favors government control of the economy. here's some of what he's saying today that has frightened the market. whether it should have frightened him or not is the question. restoration of collective bargaining agreements. restoration of salaries and pensions. publication of black rock's examination of the banks. yes, the new york firm has done a very in depth look at banks. the results have never been released despite my best efforts to get it leaked to me. nobody's seen it yet. moratorium on all debt payments until after an investigation into the bailout. and he wants state control of all the banks. that is very similar, a lot of that, to what he said to me back in september. >> what you have to do to pay the banks and to catch the pensions and salaries for the people who don't have to leave, i think this is not a solution. >> so that's a default. if you don't pay the banks, that's a default. >> no, we have the opportunity to have the banks under state control. >> if he and a future greek government were to follow all his g
still, he favors government control of the economy. here's some of what he's saying today that has frightened the market. whether it should have frightened him or not is the question. restoration of collective bargaining agreements. restoration of salaries and pensions. publication of black rock's examination of the banks. yes, the new york firm has done a very in depth look at banks. the results have never been released despite my best efforts to get it leaked to me. nobody's seen it yet....
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Oct 5, 2012
10/12
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he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the turnaround that we have seen the worse when it comes to the labor market. i would say we still have a ways to go and we have it well below 12 million and we have to continue
he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a...
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Dec 7, 2012
12/12
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government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impac
government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a...
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Dec 13, 2012
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it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to name names. but if you watched that concert last night and you saw the people that were there and you could go to the robin hood foundation organization website, guess what, harry reid? those are the people that give their money away to help people. and i leave it at that. and that's what the fiscal cliff and taxes and charity have to do with the benefit last night. >> i suppose if harry reid or nancy pelosi were here, and they're not here, i wish some of them were, to respond to what you're saying. >> they don't give money to charity. they don't give money to c
it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to...
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Nov 13, 2012
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governments are cutting back. john chambers did well getting deep with governments and now that's something that is not flourishing. we never thought that the government wouldn't just keep spending. governments around the world. >> when at&t unveiled the big spending plan, it was juniper shares that went higher. cisco is here. the government business saddled below expectations on the street. a lot of people thought juniper was losing to cisco. >> i questioned whether they fell behind. i hate the group. it continues to disappoint because i think we're waiting for 4g, 5g. even the terrific ceo came on scott mcgregor said 5g is coming. we all wait 5g. >> verizon wireless going to spend a special dividend to parents. we'll see more of this in the next seven weeks. >> absolutely. >> we should point out that it is weak today because of write-downs in spain and other countries. that is weighing on the ftse in the u.k. of course as you point out, 45%, perhaps the greatest single investment. 45% ownership of verizon wirele
governments are cutting back. john chambers did well getting deep with governments and now that's something that is not flourishing. we never thought that the government wouldn't just keep spending. governments around the world. >> when at&t unveiled the big spending plan, it was juniper shares that went higher. cisco is here. the government business saddled below expectations on the street. a lot of people thought juniper was losing to cisco. >> i questioned whether they fell...
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Dec 6, 2012
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the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is close t
the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you...
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Oct 3, 2012
10/12
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the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too pessimistic. we're in the middle zone. 162,000, it might be better than they were expecting. currently on jobses we've averaged a smidgen for the third quarter. i guess in the end the numbers give me confidence because it is a bigger part of the economy. but none of this is to write home about on the recession side. >> my perspective is i'm afraid we're falling off a cliff. the ism numbers don't tell us that. it shows that we're in a modest area and recession is not around the corner. but let's say your test is putting millions back to wo
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too...
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Dec 20, 2012
12/12
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already seen government bonds in 2012 and i think you will see asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportu
already seen government bonds in 2012 and i think you will see asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers...
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Aug 3, 2012
08/12
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they were built by people, not by government. and so the time has come for a plan that will actually get america's workers back to work. that will create more jobs and more take-home pay. and i know how to do that. this is not a mystery for me. this is not -- this is not theory. this is practice. and i've got five things i'm going to do, five things i'm going to do, in my plan to help get the middle class working again with more jobs and more take-home pa
they were built by people, not by government. and so the time has come for a plan that will actually get america's workers back to work. that will create more jobs and more take-home pay. and i know how to do that. this is not a mystery for me. this is not -- this is not theory. this is practice. and i've got five things i'm going to do, five things i'm going to do, in my plan to help get the middle class working again with more jobs and more take-home pa
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Oct 4, 2012
10/12
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what are you going to do to turn around the chinese government, the chinese government to buy more coal, doing know. but today you can see a nice little move up. >> at least in that sector, the cause and effect is a little more clear. thanks, bob. of course, the markets, are they getting a boost after last night. we're joined here at post 9. good to see you as always. what do you make of the argument that this is somehow related to the race for the white house? >> you know, i think investors are looking for any opportunity to buy into the market. we've seen the waves trend higher an higher. there have been cell signal-- s signals. everyone was expecting some resort. >> is there much hesitancy for investors? >> i think there's still signals to stay in this market. we have a lot. like you said, earnings season, we still have a lot of economic data, jobs numbers coming out tomorrow. investors want to be in this market. i think reason for them to stay in the market, the magnetic effect is still here. >> a couple of weeks ago the journal has said o those who have ridden the rally are going t
what are you going to do to turn around the chinese government, the chinese government to buy more coal, doing know. but today you can see a nice little move up. >> at least in that sector, the cause and effect is a little more clear. thanks, bob. of course, the markets, are they getting a boost after last night. we're joined here at post 9. good to see you as always. what do you make of the argument that this is somehow related to the race for the white house? >> you know, i think...
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Dec 12, 2012
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the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence of their policies are starting to be felt there now. we're not going to get out of it. it's a big gdp. we're very active there. some of the greatest companies in the world are french companies. >> i asked this of jamie, and it's an important question, given some of the reputational hit that goldman took over the last couple of years. public still has a very negative perception, i think, of wall street. do you think that's changing? do you think you're doing something to change it? i note that you do 10,000 small businesses and 10,000 women, which are all important programs, but
the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence...
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Mar 23, 2012
03/12
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the government restricted loans. they basically put in metrics to slow growth to a more sustainable level. maybe they overshot a little. now we're starting to see the pendulum swing the other way. you're seeing liquidity increase from the government permitting increased loans. you're seeing the government bringing more capital to increased demand for asset prices. all those things are likely to shift the pendulum the other way. i think probably to the degree most investors haven't recognized at this point. quite frankly i've been doing this seven years and running the china fund. this is probably next to 1998 when the world was about to collapse probably the best time i've seen to buy chinese equities. >> with that said i'm sure not many investors out there in the audience are getting those phone calls from the chinese government but you brought along two stock picks you can buy right now that you are actually invested in. 21 is one of them. >> if you believe the chinese investor is likely to continue to adopt the in
the government restricted loans. they basically put in metrics to slow growth to a more sustainable level. maybe they overshot a little. now we're starting to see the pendulum swing the other way. you're seeing liquidity increase from the government permitting increased loans. you're seeing the government bringing more capital to increased demand for asset prices. all those things are likely to shift the pendulum the other way. i think probably to the degree most investors haven't recognized at...
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Aug 20, 2012
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and government agencies. today we're gug to talk about the willingness of china, of the fed, of the ecb. what does that mean for traders? because trust me, there's two sides to every trading card, even when it comes to government's willingness to step in. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. you know i've been out there trying to focus with a headache and i can't do my job. bayer headache relief takes care of my pain fast. it definitely works for me. helps me get back to doing my thing. [ male announcer ] try the dual action formula of bayer headachlief. uneven flow for paul ryan and his campaign trail today. a town hall starting in manchester, new hampshire in a few minutes, this as the republican national convention is days away. jo
and government agencies. today we're gug to talk about the willingness of china, of the fed, of the ecb. what does that mean for traders? because trust me, there's two sides to every trading card, even when it comes to government's willingness to step in. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to...
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Dec 21, 2012
12/12
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>> the charade that there is a government. that they agree to things. they react to a stock market plunge and react to furious citizens. but, what, do they react to the goodness of the republic? how long are we going to keep this up, goodness of the republic? is the last time we had this partisanship. how did that work out? >> in your view, cramer, are things that much worse today? even if plan b was taken up in the house, that it wouldn't pass the senate, that president obama would shoot it down anyhow, so plan b was largely inconsequential, are we actually worse off? does it show the deeper ridge in the republican party than anybody expected and we're much worse off in terms of thinking about achieving a grand bar bain? >> i don't think there's a rift in the republican party. i think boehner knew this wouldn't pass. he's not a clueless man. >> it doesn't look good as a result of having -- >> he's a gop. >> having gone out there, created this plan b idea -- >> it's cynical. >> the economy is down today, and people are losing faith that he can control h
>> the charade that there is a government. that they agree to things. they react to a stock market plunge and react to furious citizens. but, what, do they react to the goodness of the republic? how long are we going to keep this up, goodness of the republic? is the last time we had this partisanship. how did that work out? >> in your view, cramer, are things that much worse today? even if plan b was taken up in the house, that it wouldn't pass the senate, that president obama would...
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Mar 2, 2012
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government from its bailout. but also there are rising tensions between aig and blacksto blackstone, long been an adviser to aig. over the last several months we're understanding there was a giant blocked trade executed before the open this morning. take a look at the shares of blackstone and aig, both down slightly on this news, but this has been talked about for a few months, but we are getting word that aig executed that trade, exiting blackstone this morning. >> all right, thank you very much. we're still awaiting the ceo of yelp to join us at post nine after having put in the first trade of 100 shares of the new york stock exchange, opening on when is undeniably successful stock. $24 and change, higher by almost 60% here. >> holy cow. hey, chief. >> holy cow. speaking of yelp, here we are with jeremy stoppelman, the co-founder and ceo of yelp. how does it feel? >> very exciting. great to be here. big day for the company. >> a very successful ipo, jeremy. at the same time, a lot of people have the question wh
government from its bailout. but also there are rising tensions between aig and blacksto blackstone, long been an adviser to aig. over the last several months we're understanding there was a giant blocked trade executed before the open this morning. take a look at the shares of blackstone and aig, both down slightly on this news, but this has been talked about for a few months, but we are getting word that aig executed that trade, exiting blackstone this morning. >> all right, thank you...
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Oct 17, 2012
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government is showing signs it's committed to reform. the ten-year there, 5.5%, the lowest since april. mixed results for the third quarter. they are up 70% this year. >> the second place financial debate is in the books, incumbent barack obama and challenger mitt romney were not pulling any punches. john harwood with highlights for the showdown and where things stand in the run for the white house. >>> double whammy, taking a toll on shares of ibm and intel. we will explore whether tougher times are ahead for these blueships. talk to one analyst downgrading ibm this morning. >> and there continues to be plenty of buzz surrounding the surprising ouster of vickram pandit. revelation owes what city insiders knew, coming up. >>> it was a break even quarter compared to analyst estimates. we're looking for a seven cents a share loss. revenue, a bit short of consensus. ceo brian moynihan pointing to several positive trends, including an increase in deposits, mortgage originalation and small business lending. as well, kayla, i know you were on
government is showing signs it's committed to reform. the ten-year there, 5.5%, the lowest since april. mixed results for the third quarter. they are up 70% this year. >> the second place financial debate is in the books, incumbent barack obama and challenger mitt romney were not pulling any punches. john harwood with highlights for the showdown and where things stand in the run for the white house. >>> double whammy, taking a toll on shares of ibm and intel. we will explore...
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Oct 16, 2012
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one is the bair case about citi has been about governance. management is very highly at these highly levered stooss. citi has had a bad board for a long time. this is a weak board. i don't mean to argue with other people on this show but there's no way that this board decided overnight to fire vikram pandit. just didn't happen like that. this had to be vikram being unhappy about things. you would never normally want to have this kind of abrupt change. you would want to have six months of the two people working together, finding out where the risks are. people keep talking this morning about smoking guns. smoking guns have already gone off. what you're worrying about is time bombs that are about to go off and michael corbat right now has no knowledge of where the bombs are. so that's the problem with this whole transition. that's why you would never do this unless there was some kind of fight. and i think it probably did revolve around compensation. >> wow. >> some would argue, if anybody knows where the skeletons are buried its corbat. why is
one is the bair case about citi has been about governance. management is very highly at these highly levered stooss. citi has had a bad board for a long time. this is a weak board. i don't mean to argue with other people on this show but there's no way that this board decided overnight to fire vikram pandit. just didn't happen like that. this had to be vikram being unhappy about things. you would never normally want to have this kind of abrupt change. you would want to have six months of the...
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Oct 23, 2012
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what happens to all these rates where one form of government is helping incentivize indebtedness and debt rates to others. what happens to the mortgage more kaet? what happens to balance sheets in business? i can't tell you the answer to that. one thing i can tell you is this exit was never going to be pretty from the rabbit hole, and the notion of a quicker exit because ben bernanke might not be around, well, i think that could actually be something more intense to the marketplace potentially than the fiscal cliff. carl, back to you. >> that's a dire prediction, rick. if the tv thing doesn't work out, man, do you have a future as an artist. putting bob ross to shame with that bunny. when we come back, is the previously dubbed stealth rally not so quietly dying before our eyes? today is the second big flushing in as many weeks. news of the selloff before the break. and coach shares spiking on news of solid double digit revenue in the first quarter. does your portfolio deserve a e luxury?r we'll tell you how to play coh. . for more than 116 years, ameriprise financial has worked for t
what happens to all these rates where one form of government is helping incentivize indebtedness and debt rates to others. what happens to the mortgage more kaet? what happens to balance sheets in business? i can't tell you the answer to that. one thing i can tell you is this exit was never going to be pretty from the rabbit hole, and the notion of a quicker exit because ben bernanke might not be around, well, i think that could actually be something more intense to the marketplace potentially...
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Oct 22, 2012
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., once china gets through its transition from the government, and brazil we know is stimulating its economy. so, all of those things put together does suggest that the global economic environment will get better in 2013 relative to 2012. >> we should note, of course, the management team has doubled down on exposure to china and to materials. it's absolutely a play on world growth. what we see at the moment, though, isn't a world that is accelerating in its growth. it is slowing down. it is decelerating. why, then, if caterpillar is a play on that decelerating world growth, will its stock rise 30% over the next year? >> well, in our view, decelerating growth is still positive growth. as long as the global economy grows positively, even if it's a slower growth rate. and demand for things like hard commodities will continue to rise. yes, we're facing headwind right now with u.s. coal, with iron ore, but demand for many hard commodities continues to decelerate. if we get acceleration in some growth, even slower rate, it sets us up for a good 2014. i think as long as global growth is pos
., once china gets through its transition from the government, and brazil we know is stimulating its economy. so, all of those things put together does suggest that the global economic environment will get better in 2013 relative to 2012. >> we should note, of course, the management team has doubled down on exposure to china and to materials. it's absolutely a play on world growth. what we see at the moment, though, isn't a world that is accelerating in its growth. it is slowing down. it...
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Apr 13, 2012
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not about corporate governance. they own 67% of the vote right now. is google thinking -- they got 49 billion in cash. >> that's for the mobility. >> motorola has -- >> i didn't ask about the conference call. >> a lot of it is overseas. you have that much cash and you do this, are you thinking down the road you have to do an enormous deal? >> that's the takeaway. >> that's the scary thing. >> that's the thing. >> doesn't matter. if you're a shareholder -- >> it's a case of the media. >> if you own google stock you have been screwed as you like to put it on a corporate governance. >> they generated 3 billion in free cash flow. 600 people during a quarter. this question about, all right, fine no big deal now, you're saying, why would you do this at 67%. not like 52% in danger of going bloe 50. >> you took the stock down with your rap. >> it wasn't me. i don't move stocks. >> there's a whole universe of people. >> there's a unfierce of people? this is a federation. >> coming up here after reporting earnings this morning we have exclusive interview with j
not about corporate governance. they own 67% of the vote right now. is google thinking -- they got 49 billion in cash. >> that's for the mobility. >> motorola has -- >> i didn't ask about the conference call. >> a lot of it is overseas. you have that much cash and you do this, are you thinking down the road you have to do an enormous deal? >> that's the takeaway. >> that's the scary thing. >> that's the thing. >> doesn't matter. if you're a...
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Oct 24, 2012
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on the government side the government will be missed. taxes go up or the currency goes down. looking forward for companies in japan, many of which have assets everywhere and good balance sheets i think it will make a difference but frankly your starting point to this point is very good because you've got low multiples and a lot of room for profits to grow. everywhere else in the world profits are coming down, profit margins, japan is the one place where there's room to get bet per zblm jim o'neill, same with asia, he said china may be the best opportunity in the world right now. you agree with that or no? >> i think it's mixed. it wouldn't shock me if we never see another double digit year in china of growth. it's not a bad thing. it's china being mortal. once you get to a certain point you can't grow so much. there's investor expectation issue if you're betting on a big rebound in stimulus and recovery you're going to be disappointed but there are a lot of stories that now are cheap because the valuations have fallen in half from where they were a couple of years ago. >> car
on the government side the government will be missed. taxes go up or the currency goes down. looking forward for companies in japan, many of which have assets everywhere and good balance sheets i think it will make a difference but frankly your starting point to this point is very good because you've got low multiples and a lot of room for profits to grow. everywhere else in the world profits are coming down, profit margins, japan is the one place where there's room to get bet per zblm jim...
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Sep 14, 2012
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again, it depends now crucially on governments individually, be the government that have to adjust and collectively through the esf, esn to deliver. >> how worried are you about the fiscal cliff in the united states? >> i think it is part of course of the major issue that in the advanced economic world you have to cope with it. >> if it happens, does it bring on another recession? >> i mean i'm sure that the u.s. leadership, whatever you have in the present discussion of course between the two major sensitivities, but the sense of the interest on the country will prevail. i am absolutely confident in that. >> do you miss running the ecb? >> it is such a heavy, important, inspiring responsibility, but i had my eight years. i think it is a good period. >> he thought it was a good period. a lot of people look at dragey and trichet. dragey says he bought sovereign debt twice when i was running the ecb did or the ecb did as an institution. this brings another layer of conditionality with firm commitments in advance from governments. >> michelle, you're in madrid, you know better than any of
again, it depends now crucially on governments individually, be the government that have to adjust and collectively through the esf, esn to deliver. >> how worried are you about the fiscal cliff in the united states? >> i think it is part of course of the major issue that in the advanced economic world you have to cope with it. >> if it happens, does it bring on another recession? >> i mean i'm sure that the u.s. leadership, whatever you have in the present discussion of...
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the other guys weren't scrubbed by the government. this was by the government. they owned it. i don't think the tangible book is right. >> speaking of shares hitting the markets, michael kors announcing that some shareholders will sell about 20 million shares in the company's stock, about 10% of the shares outstanding. this transpired friday afternoon after the close. we are seeing the reaction today. what a run. down 4.4% is a drop in the bucket when you consider the run it's had since it ipo'd here on the new york stock exchange. >> you interviewed michael kors. he's still involved in designing? >> he is. what's so unique about him is he worked on the floor of retail. he worked the floor. he knows what sales. he has a real handle on what the margins are on any product he designs. from the drawing board, you know what the margins are likely going to be. >> tommy hilfiger still intimately involved in the design. >> has a good sense for what will sell and what won't. >> 14% same-store sales. >> j. crew has had a very sharp increase in sales. >> titan machinery is an interesting
the other guys weren't scrubbed by the government. this was by the government. they owned it. i don't think the tangible book is right. >> speaking of shares hitting the markets, michael kors announcing that some shareholders will sell about 20 million shares in the company's stock, about 10% of the shares outstanding. this transpired friday afternoon after the close. we are seeing the reaction today. what a run. down 4.4% is a drop in the bucket when you consider the run it's had since...